DTN Closing Grain Comments 03/12 14:04
12 Mar 2024
DTN Closing Grain Comments 03/12 14:04 Soybean Oil Prices Take Front Stage with Higher Close Tuesday Propelled by new one-month highs in May contracts of canola and rapeseed oil, May soybean oil closed up 1.18 cents at 47.82, the leading percentage gain in the grain-related sector Tuesday. May soybeans closed up 16 3/4 cents, aided by strength in the vegetable oil sector and signs of better demand out of China. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: May corn ended unchanged and December corn was also unchanged. May soybeans closed up 16 3/4 cents and November soybeans were up 14 1/2 cents. May KC wheat closed down 1 1/2 cents, May Chicago wheat was up 1/4 cent and May Minneapolis wheat was up 2 cents.